Ep. 134 | Interview With MHP Owner Bryce Robertson How To Mitigate Risk in Underwriting

In this week’s episode, we have Bryce Robertson, known as “Your Real Estate Mate”, an Aussie-born real estate entrepreneur, adventurer, and founder of PropertyWorkz.

After several trips around the world, Bryce decided to focus on real estate investing to achieve his goal of having a freedom lifestyle. He began acquiring a $570,000 mobile home park with a negative net worth, unseasoned credit, and a mere $2,000 in the bank. By using his skills in underwriting, education in economics, and the power of syndication he successfully teamed up with some of the best operators in the US and expanded US real Estate Investing around the world.

If you are looking for a sign to start your journey in real estate investing — especially in Mobile Home Parks, you don’t want to miss this episode. Ferd and Bryce tackle the impact of underwriting deals, how to mitigate risks, aggressive managing, and how to take the first step in real estate investing.

Highlights of the episode:

00:32 – Introduction of the guest

01:01 – Background of the guest

02:42 – Recreating Freedom Lifestyle

03:19 – Focusing on Real Estate

04:36 – Getting the deal in the finish line

06:41 – Impact in underwriting on Deals

08:05 – Conservative Underwriting

09:41 – Mitigating Risk and Projecting Returns to our Investor

13:26 – Finding deals in market

14:47 – Being in a Tertiary Market

15:53 – Importance of winning deals

17:50 – Private Utilities

18:38 – Conservative Underwriter and Aggressive manager

20:30 – Approach in Remodeling

23:22 – All about Contractors

25:50 – Taking the First Step

Notable Quotes:

The last, two, three, four years the industry we all know has changed considerably from a competition standpoint. A lot of private equity is buying up all kinds of lots, of new entrants from the minor league guys to the major league guys. – Ferd

In a competitive environment we need to set ourselves apart and what’s your niche. – Ferd

Connecting with the Guest

Website: http://www.propertyworkzusa.com/